Los Angeles, San Francisco Cash Basis Flat in Early Trade


   
Kristina Davis
DTN Refined Fuels Market Reporter

    

    

   MIAMI (DTN) --- Cash gasoline basis in Los Angeles and San Francisco were 
unchanged a slow start to trade Thursday with federal data showing PADD 5 
gasoline inventories at their highest level in nearly a year.

   West Coast PADD 5 gasoline inventories continued higher a third straight 
week through July 11 to 31.147 million bbl, the highest level since August 
2024, according to Energy Information Administration data released Wednesday.

   EIA reported PADD 5 gasoline imports rose to 144,000 bpd from 112,000 bpd, 
more than triple the 41,000 bpd brought in during the same week last year.

   July CARBOB in L.A. held at a 1ct premium to August NYMEX RBOB futures while 
prompt CARBOB in the Bay was flat at a 12cts futures premium.

   In refinery news, Phillips 66 reported planned flaring at its 85,000 bpd 
Wilmington refinery today through Saturday (7/20), according to a notice with 
the South Coast Air Quality Management District. An initial determination of 
the flaring is unknown and remains under investigation.




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